PPT Slide

Preferred Stock is sometimes known as a "hybrid" security because it has some features typical of debt and other features typical of equity
- Basic types of preferred stock include:
  - Par-Value
  - No-Par
- Preferred stock is issued most often by public utilities, by acquiring firms in mergers, and by firms experiencing losses and in need of financing

Preferred Stock is sometimes known as a "hybrid" security because it has some features typical of debt and other features typical of equity